https://www.taxtmi.com/caselaws?id=102385 Property attached under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 must be dealt with through the statutory distribution scheme in section 11, with liabilities paid in the order prescribed there. The Act's overriding clause in section 13 means inconsistent contractual instruments, decrees and other claims cannot take the property outside that process. Pre-existing rights such as secured interests, liens, set-off, pledge, hypothecation and assignment are not extinguished, but they are enforceable only through the Court and within the section 11 sequence. Claimants with such interests therefore cannot insist on enforcement de hors the statutory distribution mechanism. en-us Thu, 22 Jul 1993 00:00:00 +0530 Tue, 14 Feb 2012 17:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102385 Property attached under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 must be dealt with through the statutory distribution scheme in section 11, with liabilities paid in the order prescribed there. The Act's overriding clause in section 13 means inconsistent contractual instruments, decrees and other claims cannot take the property outside that process. Pre-existing rights such as secured interests, liens, set-off, pledge, hypothecation and assignment are not extinguished, but they are enforceable only through the Court and within the section 11 sequence. Claimants with such interests therefore cannot insist on enforcement de hors the statutory distribution mechanism. Case-Laws Companies Law Thu, 22 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102385